My fiancee and I plan to buy a house and get married but it is not clear which will happen first.
I will be providing most of the money for the house purchase but it will be in joint names.
Suppose we buy the house before we marry. Would my larger contribution to the purchase be classed as a 'potentially exempt transfer' for IHT purposes?
Would it be best to make the house 'tennants in common', with ownership in proportion to our contributions, and then to transfer it to 'joint tenants' once we are married?
Would there me stamp duty payable at the change of tenacy?
thank you,
Robert
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